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committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've talked to paul ryan, scott brown and a few of the other republicans and i do think that there is a deal there, and it looks like the threshold number on the taxes will be about $500,000, and so, there's a little bit of a grudge going on right now. one theory is, they allow it to go over the cliff, taxes go up for everybody, the sequestration happens and then they go out and say, well, we lowered your taxes from where the cliff was and we restored cuts from where the se question trags was. that seems to be what's going on now as it relates to the game theory, which i think is sort of sad and an indictment of both political parties, in terms of letting us be in the position that we're in right now. but what it means for investors is, there will be a lot of money on the sidelines until we get this resolved. >> right. all right, john, we're going to let you go now. john harwood with the latest. we have the markets very uncertain. what do you make of today's
cuts during the campaign, mitt romney and paul ryan and all the republicans, who wanted to do the exact same thing he did, they jumped on his case for proposing cuts to medicare. so how can you negotiate with a party that isn't serious about its own caucus, and isn't capable of controlling them and doesn't have a serious plan for dealing with spending cuts on its own, because it's afraid to take the heat? nobody wants to cut spending. let's just admit that. but if we're going to do it, somebody's got to take the heat and the republicans have been the party advocating it for so long, so take the heat republicans and tell us exactly what you're going to do. are you going to cut mortgage interest deductions, charitable deductions, federal and state tax deductions? let us know where you're going to do to pay for this debt reduction that you want. >> the fact of the matter is, it's not going to get done with just spending cuts or increased taxes, it's going to have to be a combination of both, and right now the worst part of it is, and i think where we see the instability, especially when it
in medicare savings on the table. the majority of americans, including romney voters understand the obvious, that is revenues have to be part of the equation. this is a question -- why can't we do it is the head scratching question for most people. it's really part of the institution institutional paralysis of congress, you have a filibuster that enables the minority to work their will and stop even consideration of legislation. in the house, the speaker has to bite the bullet and put on the floor a bill that's going to get significant democratic support and some republican support. that's the only way to do what the country needs. >> and still keep his speakership is the trick. >> i think he can. i think the republicans voting no just don't want their fingerprints on this. if boehner puts something on the floor that passes and they can vote against it, they will underspeaker boehner w was -- speaker boehner was doing the dirty work they were unable to do. >> i know you aren't watching the markets closely. would it alter the calculus at all? does it mean we get a framework in 24 hours if we
Search Results 0 to 2 of about 3